Civic Intelligence

Meded Credit Union

990 • Fiscal year 2013 • EIN 62-6051718

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 14, 2014

Organization Profile

View Organization Page

156 Walker Hill Street38555

(931) 456-6599

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.92x

Higher debt load relative to assets than 95% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

28th percentile

15.82x

Higher debt load relative to revenue than 28% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Net Margin

5th percentile

-26%

Higher net margin than 5% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

33rd percentile

-0.2%

Faster asset growth than 33% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

22nd percentile

-8.7%

Faster revenue growth than 22% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$12,716,028

Down $24,756 (-0.2%) from 2012

Net Assets

Down

$954,127

Down $195,022 (-17%) from 2012

Liabilities

Up

$11,761,901

Up $170,266 (+1.5%) from 2012

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin5th percentile

Revenue

$743,342

No earlier filing loaded for comparison.

Expenses

Up

$938,363

Up $148,063 (+19%) from 2012

Net Income

-$195,021

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $12,367,930Liabilities 2010: $11,261,326Net Assets 2010: $1,106,6042010Assets 2011: $12,194,937Liabilities 2011: $11,061,051Net Assets 2011: $1,133,8862011Assets 2012: $12,740,784Liabilities 2012: $11,591,635Net Assets 2012: $1,149,1492012Assets 2013: $12,716,028Liabilities 2013: $11,761,901Net Assets 2013: $954,1272013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2013

Assets$12,716,028
Liabilities$11,761,901
Net Assets$954,127
Open 2013 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $880,0622010Revenue 2011: $892,414Expenses 2011: $865,132Net Income 2011: $27,2822011Expenses 2012: $790,3002012Revenue 2013: $743,342Expenses 2013: $938,363Net Income 2013: -$195,0212013Revenue 2014: $169,594Expenses 2014: $212,765Net Income 2014: -$43,1712014

Highlighted filing

2013

Revenue$743,342
Expenses$938,363
Net Income-$195,021
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 14, 2014
Return Version
2013v3.1
Gross Receipts
$743,342
Mission and Program Overview

Mission

Credit union - to provide services for approximately 1,989 members in the form of loans, savings, and other financial services.

Credit union - to provide services for approximately 2,024 members in the form of loans, savings, and other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,598,059--
Accounts Receivable-$8,504,258-
Cash and Non-Interest-Bearing Accounts$910,245$2,714,760▲ $1,804,515
Cap Stk Tr Prin Current Funds-$830,160-
Savings and Temporary Cash Investments$2,596,742$690,000▼ $1,906,742
Land, Buildings, and Equipment, Net$522,880$525,158▲ $2,278
Rtn Earn Endowment Incm Other Fnds$1,149,149$123,967▼ $1,025,182
Investments Other Securities-$88,401-
Prepaid Expenses and Deferred Charges$86,657$37,470▼ $49,187
Total Assets$12,740,784$12,716,028▼ $24,756
Other Assets Total$26,201$155,981▲ $129,780
Liabilities
Other Liabilities$11,554,374$11,713,662▲ $159,288
Accounts Payable and Accrued Expenses$37,261$48,239▲ $10,978
Total Liabilities$11,591,635$11,761,901▲ $170,266
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,149,149$954,127▼ $195,022
Total Liabilities and Net Assets / Fund Balance$12,740,784$12,716,028▼ $24,756

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$257,571$159,071$416,642
Equipment$29,804$245,703$275,507
Land$237,783-$237,783
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christy H DolinichPresident/ceFT$63,922$3,202$67,124

Board Members and Trustees

NameTitle
Herschel MurnerBoard Chairm
Anthony KingBoard Direct
James InmanBoard Direct
Nancy HyderBoard Direct
Regina RandolphBoard Vice-c
Susan SwaffordSecretary
Nancy Kaye RandolphSupervisor C
Audrey AkinsSupervisory
Tony BrockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$736,946
Investment Income
$6,396
Other Revenue
$0
Change in Net Assets
$-195,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$585,057
Salaries, Compensation, and Employee Benefits$353,306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$262,908-$262,908
Office Expenses-$104,909-$104,909
Other Employee Benefits-$61,495-$61,495
Occupancy-$56,009-$56,009
Interest-$41,804-$41,804
Other Expenses-$26,663-$26,663
All Other Expenses-$21,445-$21,445
Payroll Taxes-$21,342-$21,342
Conferences and Meetings-$8,407-$8,407
Pension Plan Contributions-$7,561-$7,561
Total Functional Expenses$0$938,363$0$938,363
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$6,932,225
Share Drafts$2,570,220
All Other Shares$1,951,393
Non-member Deposits$259,824
Shares of Members-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The credit union is owned by the members.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting every year.”

Form 990, Page 6, Part VI, Line 7B

“Some decisions made by the board of directors are affirmed by the members.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is available for review by the board of directors upon request.”

Form 990, Page 6, Part VI, Line 19

“Financial documents are posted in the credit union lobby by the 15th of the subsequent month.”

Filing and Contact Details

Filer

EIN
62-6051718
Phone
9314566599

Signing Officer

Name
Amy Beasley
Title
Executive Vice President
Phone
9314566599
Signed
2014-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Beasley
Formed
1971
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
9

Preparer

Preparer
Keith T Mcmurtrie
Phone
8505581102
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors and supervisory committee without compensation.”

Form 990, Page 5, Part V, Line 3B

“The credit union does not have any unrelated trade or business income.”

Form 990, Part XI, Line 9

“DUE TO ROUNDING 1”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

Raw XML Appendix373 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotalLiabilityAmt011713662
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION DOES NOT HAVE ANY UNRELATED TRADE OR BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUE TO ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012740784
IRS990/TotalAssetsEOYAmt012716028
IRS990/TotalAssetsGrp/BOYAmt012740784
IRS990/TotalAssetsGrp/EOYAmt012716028
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0938363
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0938363
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011591635
IRS990/TotalLiabilitiesEOYAmt011761901
IRS990/TotalLiabilitiesGrp/BOYAmt011591635
IRS990/TotalLiabilitiesGrp/EOYAmt011761901
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01149149
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0954127
IRS990/TotalOtherCompensationAmt03202
IRS990/TotalProgramServiceExpensesAmt0938363
IRS990/TotalProgramServiceRevenueAmt0736946
IRS990/TotalReportableCompFromOrgAmt063922
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0743342
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0743342
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012740784
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012716028
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10156 WALKER HILL STREET
IRS990/USAddress/City0CROSSVILLE
IRS990/USAddress/State0TN
IRS990/USAddress/ZIPCode038555
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReasonableCauseExplanation/ExplanationTxt0SOFTWARE ISSUES.
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY BEASLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09314566599
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10MEDED CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MEDE
ReturnHeader/Filer/EIN0626051718
ReturnHeader/Filer/PhoneNum09314566599
ReturnHeader/Filer/USAddress/AddressLine10156 WALKER HILL STREET
ReturnHeader/Filer/USAddress/City0CROSSVILLE
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode038555
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591086132
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10LEVERAGE THE LSCU SERVICE CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103692 COOLIDGE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0323117890
ReturnHeader/PreparerPersonGrp/PhoneNum08505581102
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEITH T MCMURTRIE
ReturnHeader/ReturnTs02014-08-14T20:33:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,716,028
Liabilities
$11,761,901
Net assets
$954,127
Revenue
$743,342
Expenses
$938,363
Net income
-$195,021
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.17$0.21$0.04
2013Detailed filing. Detailed filing data is available for this year.$12.7$11.8$0.95$0.74$0.94$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$11.6$1.15$0.79
2011Summary only. Only limited summary data is available for this year.$12.2$11.1$1.13$0.89$0.87$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$11.3$1.11$0.88